There are a lot of people who want to buy Tesla for 140 dollars

There are a lot of people who want to buy Tesla for 140 dollars

#Economy #Prices #DollarStrong #Tesla

NASDAQ 16,379(-0.12%)
10-year U.S. bond interest rate of 4.205% (+0.21%)
Dollar Index 104.523p (+0.23%) NDF 1,350 won (+5)

The Nasdaq Composite edged lower, but the Dow and S&P 500 edged higher.

The U.S. GDP growth definition for the fourth quarter has been high, recording 3.4% growth, and the University of Michigan consumer sentiment index released on the same day rose to its highest level since July 2021, with expected inflation both falling. The market's gains are supported by the outlook for good economic and consumer sentiment and lower prices. The University of Michigan's March consumer sentiment index definition was 79.4, up from 76.9 the previous month, and expected inflation for a year was 2.9%, down from 3.0% the previous month.

The U.S. market was closed tomorrow on Good Friday, which was the last trading day of the third quarter. Nvidia rose 80% during the first quarter, Tesla fell 30% and its market capitalization fell behind Broadcom, pushing it out of the M7. Among the M7, Apple, along with Tesla, also lost the top spot in market capitalization to Microsoft.

The dollar strengthened as U.S. economic growth rose. In addition, Fed Director Christopher Waller's hawkish comments pushed up both interest rates and the dollar. Waller's caution is strengthening, noting that "there is no need to rush to cut interest rates."

The first quarter ends today. The first quarter's performance is likely to determine the first half or this year's performance. I hope you finish the first quarter well and prepare well for the next quarter and make good profits.